Brambles Limited (OTCMKTS:BMBLF) Sees Large Drop in Short Interest

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,652,500 shares, a decline of 5.7% from the March 31st total of 1,752,100 shares. Based on an average daily trading volume, of 4,800 shares, the days-to-cover ratio is presently 344.3 days.

Brambles Stock Performance

BMBLF stock opened at $9.74 on Tuesday. The business’s fifty day moving average price is $9.97 and its 200 day moving average price is $9.34. Brambles has a 12-month low of $8.50 and a 12-month high of $10.65.

About Brambles

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.